Air India, a state-owned airline company, has raised 1,000 crore rupees ($136.1 million) from the National Small Savings Fund, a state-owned investment fund, and expects to mop up $68 million through short-term borrowings.
Air India would be utilizing the funds to mainly meet its working capital requirements.
The fresh funds are in addition to the $133.3 million received towards equity infusion by way of supplementary grants from the central government in September.
In early September, Air India sought bids for garnering $68 million through short-term borrowings to meet its working capital requirements.